Bitcoin sales fund operations and data center capex
Company: Riot
The claim, verbatim
Riot still sells its Bitcoin production to help fund operations and its share of data center capital spending.
Source (primary)
Riot Platforms Soars 20% on Earnings and $28 Billion Corsicana AI Lease; Cipher Digital Plunges 13%, MARA Drops 5% - 24/7 Wall St. (-, news_article)
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Quote: “Riot still sells its Bitcoin production to help fund operations and its share of data center capital spending”
How we checked this
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Additional evidence
confirms Riot Platforms Soars 20% on Earnings and $28 Billion Corsicana AI Lease; Cipher Digital Plunges 13%, MARA Drops 5% - 24/7 Wall St.
Quote: “Riot still sells its Bitcoin production to help fund operations and its share of data center capital spending”
confirms Riot Platforms Soars 20% on Earnings and $28 Billion Corsicana AI Lease; Cipher Digital Plunges 13%, MARA Drops 5% - Yahoo Finance
Quote: “Riot still sells its Bitcoin production to help fund operations and its share of data center capital spending”
confirms Riot Platforms Sold 79% of Its Bitcoin Last Quarter. Does Mining Bitcoin Still Pay? - 24/7 Wall St.
Quote: “CEO Jason Les said selling Bitcoin remains the company’s primary source of funding for operations and the equity portion of its data-center capital expenditures”